1.1 Definition of economics (Conventional and Islamic Perspectives)
1.2 Economic concepts (Conventional Perspective)
1.3 Production Possibilities Curve (PPC)
1.4 Four Basic economic problems
1.5 Four types of economics systems

2.1 Classification of goods (Conventional and Islamic perspective)
2.2 Definition of demand, law of demand, individual and market demand
2.3 Change in quantity demanded and change in demand
2.4 Determinants of demand
2.5 Exceptional demand (Veblen/Luxury goods and Giffen goods)
2.6 Definition of supply, law of supply, individual and market supply
2.7 Change in quantity supplied and change in supply
2.8 Determinants of supply
2.9 Exceptional supply (labor market)

4.1 Definition of market equilibrium
4.2 Determination of equilibrium price and quantity
4.3 Application of market analysis: Changes in demand and supply and effect on equilibrium price and quantity
4.4 Government intervention in the market
4.4.1 Maximum price
4.4.2 Minimum price
4.4.3 Subsidy and Indirect taxes
4.5 Price control from Islamic perspective

Short-run production
6.2 Law of diminishing marginal returns
6.3 Stages of production
6.4 Short-run costs
6.5 Long run average cost
6.5.1 Economies of scale
6.5.2 Diseconomies of scale

5.1 Profit maximization: Total and marginal approach
5.2 Perfect Competition
5.2.1 Characteristics
5.2.2 Short-run equilibrium
5.2.3 Shut-down point
5.2.4 Long run equilibrium
5.3 Monopoly
5.3.1 Characteristics
5.3.2 Short-run equilibrium
5.3.3 Long run equilibrium
5.3.4 Three types of price discrimination
5.3.5 Comparison between long run equilibrium of perfect competition and monopoly
5.4 Monopolistic Competition
5.4.1 Characteristics
5.4.2 Short-run equilibrium
5.4.3 Long run equilibrium
5.5 Oligopoly
5.5.1 Characteristics
5.5.2 Kinked demand curve
5.5.3 Short-run equilibrium